GBPUSD And Learning Trading

Hey Guys,

You may remember my post recently and all the ones before hand where we described how to trade falling markets.. This was particular for the pound amongst many other pairs as they all got whacked on USD strength..

But it does not go on forever (and don't think it will next time)..

Eventually markets turn, its just nature and has to happen.

Well we are at EZ 1. This means you have hit early resistance and early Fibs.

We got here because the market Had an ENORMOUS drop.

The Pair became Cheap on such fall and hence has rebounded strongly. This was time to take gains and get out of new longs.

Exit for gains and RE long lower on dips.